The Scottish government has unveiled a £7.2 million funding package to help incentivise industrial decarbonisation.
The funding, which comes through the Scottish Industrial Energy Transformation Fund (SIETF), is spread across food and drink, manufacturing and timber pallet processing, and is intended to support projects that can reduce carbon emissions created through energy-intensive manufacturing processes.
There are nine projects in total that have been awarded funding, with the grants leveraging private funding to take the total overall investment up to £19 million. These include energy efficiency improvements, upgrades and replacements, as well as mechanical vapour recompression retrofits and integrations, and plans to recover and reprocess boil-off gas from storage tanks.
First Minister, John Swinney, said the SIETF showcases how government and industry are collaborating to deliver against climate change plan targets with co-investment to decarbonise the industrial sites that local jobs and communities find themselves reliant on.
Swinney continued: “With an average ratio of £1 of public to £1.75 of private funds, the Scottish Industrial Energy Transformation Fund has been incredibly successful in leveraging investment across industrial sites to accelerate adoption of low-carbon, energy efficient technologies.“
